Current Projects

Avelon Logo

Location

Between 56th and 64th Avenues
(adjacent to E-470) in the City of Aurora, CO

Project Details

287 acres
1,100 single-family residential lots
40 acres of commercial

A New Master Planned Community

Avelon is one of the few tracts of land in the Denver Metro area that has full access to roads, utilities, and infrastructure sufficient to build out the entire parcel. It is 8.5 miles east of downtown Denver and 10 miles southwest of Denver International Airport. Less than ½ mile to the west is the $850M Marriott/Gaylord Hotel and Conference Center, the largest hotel in Colorado which will open 4th quarter 2018. The project is also located within a designated Qualified Opportunity Zone, which qualifies for preferential tax treatment.

Dollar Sign
Long-Term Revenue
Chart Arrow Up
Top Market in the Country
Building
Entertainment, Restaurants & Hotels

The project consists of 2 parcels of land, representing at least two phases. Phase 1 is 135 acres at the southeast corner of Piccadilly and 64th Avenue, and was purchased by the Sponsor in early 2018. Phase 2 is 152 acres directly to the south and is currently held in escrow. It is expected to close Q2 2019.

2+
phases
$50M
projected profit
3X
Estimated ROI